Individual Retirement Accounts (IRAs)

The internet lit up when ProPublica broke the news about venture capitalist Peter Thiel and his “gargantuan tax-exempt piggy bank,” a Roth retirement account worth an obscene $5 billion. Nobody said boo, though, about the story’s opening words: “Roth IRAs were intended to help average working Americans…” Well, boo and double-boo (the second for calling […]
The post The Real, Untold Story of Roth IRAs first appeared on Dissident Voice.

Too many Americans are saving little to nothing for retirement. According to one study, 45 percent of working-age households “do not have any retirement account assets.” Congress could sharply improve those numbers by adopting dynamic scoring of retiree distributions. The move could lead to millions of new accounts, and a fairer sharing of America’s retirement promise.